China's 15th Five-Year Plan outlines the cultivation and expansion of emerging and future industries, emphasizing the accelerated development of strategic sectors like robotics and the forward-looking layout of future industries such as embodied AI to serve as new economic growth drivers. As a leading insurer, China Life Insurance is intensifying its involvement in the embodied AI industry and the broader robotics field, offering integrated financial services including insurance, investment, and banking to help these industries advance rapidly.
In 2023, sub-funds partnered with the Beijing Science and Technology Innovation Fund participated in seed and angel rounds for embodied AI companies like Songyan Power and Yinhe Tongyong shortly after their establishment. However, embodied AI robotics represents a long-term endeavor, and as companies enter critical technology development phases, their need for stable, long-term capital becomes more urgent. In 2024, an asset management subsidiary of the China Life Insurance Group launched the "China Life - Beijing Sci-Tech Equity Investment Plan" with a scale of 5 billion yuan. By acquiring secondary fund stakes in the Beijing Science and Technology Innovation Fund, the plan took up the mantle of "investing early, in small ventures, for the long term, and in hard technology," providing sustained financial support to science and innovation enterprises.
A more direct investment approach involves backing the "Real2Sim2Real technical pathway" in embodied AI. In November 2025, China Life Equity, a subsidiary under China Life Health Investment, led the Pre-A++ round of financing for Shanghai Sudu Technology. Currently, Shanghai Sudu Technology has established a pre-training computing platform with thousands of AI accelerator cards and is poised to soon launch robot hardware products and a supporting platform for commercial markets and developers. This will create an integrated product matrix encompassing "models + simulation + hardware + toolchain," forming a closed-loop technology and product system.
China Life's presence is also visible in the collaborative robotics sector, which focuses on specific industrial scenarios. Recently, the China Life Dual Carbon Fund, managed by China Life Capital under China Life Investment, successfully led the Series C financing for Faa(SuZhou) Robotics Technology Co., Ltd., the only domestic collaborative robot manufacturer achieving full-stack independent R&D and production. The movement of a robot taking a single step forward takes less than one second. Behind that instant lies the core component in operation—the chip. Chip packaging and testing represent the "final mile" in transforming a wafer into a finished chip. Addressing the high-risk sensitivity typical of such enterprises, the Gansu Branch of China Life Property & Casualty Insurance engaged proactively, conducting in-depth research into the company's needs, and participated in underwriting the corporate property insurance for a semiconductor packaging and testing company in January 2026. The branch customized a comprehensive protection plan covering risks like fire, explosion, and natural disasters, providing approximately 500 million yuan in risk coverage for the company's buildings, machinery, equipment, and inventory.
Support for the chip industry chain extends beyond insurance. On the investment front, in 2023, China Life Asset Management initiated the "China Life - Hufa No.1 Equity Investment Plan" with an investment scale of approximately 11.8 billion yuan. Through a secondary stake investment, it acquired equity in the Shanghai Integrated Circuit Industry Investment Fund, covering 18 leading enterprises within the domestic semiconductor industry chain in a single transaction. In 2025, China Life Science and Technology Innovation Fund successfully participated in financing for All Chip Manufacturing Technology Co., Ltd., aiding the development of domestic manufacturing EDA used for auxiliary chip circuit design, performance analysis, and layout generation.
By the end of 2025, the scale of existing investments by China Life's insurance funds supporting technological self-reliance and strengthening exceeded 510 billion yuan. Throughout 2025, China Life Property & Casualty Insurance provided risk coverage exceeding 17 trillion yuan to over 150,000 technology enterprises, with claim payments surpassing 4.1 billion yuan.
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